Karachi, August 10, 2023 – The Collectorate of Customs in Hyderabad has announced an auction of a large quantity of non-duty paid (NDP) motor vehicles scheduled for August 11, 2023.
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Hyderabad Customs auctions NDP vehicles on November 24, 2022
Karachi: The Collectorate of Customs in Hyderabad has revealed plans to conduct an auction of non-duty paid (NDP) vehicles on November 24, 2022.
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MCC Hyderabad announces auction of non-duty paid motor vehicles
KARACHI: The Model Customs Collectorate (MCC) Hyderabad has announced an upcoming auction of non-duty paid motor vehicles scheduled to take place on May 19, 2021.
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Pakistan Customs makes seizures of Rs10.36bn in 2 ½ months
KARACHI: Pakistan Customs has accelerated operation against smuggling and non-duty paid items and made seizure of goods and vehicles valuing Rs10.36 billion during two and a half months of the current fiscal year.
The seizure during the current period of the current fiscal year is 91.4 percent higher than the seizure of Rs5.41 billion made in the corresponding period of the last fiscal year.
This was disclosed by chief collector of customs enforcement-south at a press conference here on Friday.
The chief collector south said that the customs seized goods worth Rs36.57 billion in fiscal year 2019/2020 as against the seizure of Rs25.39 billion in the preceding fiscal year, showing an increase of 44 percent.
He said that the collectorate south contributed the anti-smuggling and action against non-duty paid items to the tune of Rs1.18 billion during the period of July 01 to September 15, 2020 as compared with Rs958 million in the same period of the last fiscal year, showing an increase of 23 percent.
Whereas, the value of seizures of South in fiscal year 2019/2020 was amounted to Rs12.25 billion as against seizures of Rs2.74 billion in the preceding fiscal year, registering an increase of 347 percent.
Smuggled vehicles involving value of Rs539 million were seized in the fiscal year 2019/2020 as against Rs358 million in the preceding fiscal year.
The major seized items including vehicles, electronics, cigarettes, cloth, diesel, mobile phones, currency, betel nuts, gutka etc.
The collector said that Pakistan Customs collected customs duty to the tune of Rs624.65 billion in 2019/2020, which was 99 percent of the assigned target by the Federal Board of Revenue (FBR) for the fiscal year.
Furthermore, the collection of customs duty was at Rs92 billion during July – August 2020 as against the assigned target of Rs87 billion.
The collection of all taxes at import stage was amounted at Rs1,710 billion in fiscal year 2019/2020 which was 0.3 percent less than the preceding fiscal year.
Total tax collection of all taxes during July 01 to September 15, 2020 was at Rs347 billion, which is 1.39 percent more than the tax collected in the corresponding period of the last fiscal year.
During July – August 2020, the customs formation south collected customs duty amounting Rs76.38 billion against the target of Rs74 billion and against collection of Rs83.69 billion in 2019, the collector added.
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FBR to issue procedure to document non-duty paid fast moving consumer goods
ISLAMABAD: Federal Board of Revenue (FBR) will issue procedure for documenting smuggled and non-duty paid fast moving consumer goods (FMCG).
In a tweet message on Saturday, FBR Chairman Syed Shabbar Zaidi said that the FBR was working in developing a ‘expeditious settlement’ of ‘non duty paid’ fast moving consumer goods available in the market.
He said that the tax machinery would release details next week.
“The purpose is to facilitate businessmen and improve documentation without disturbing business confidence,” he added.
Recently, teams constituted by the FBR conducted physical survey of main markets and shopping centers/plazas to identify the presence of non-duty paid and smuggled goods.
The FBR teams inspected imported products including garments, cosmetics, watches, toys, gift items, batteries, cigar, leather goods, designer bags etc.
The sources said that the teams had identified smuggled and non-duty paid goods at big retails outlets.
The FBR on August 17, 2019 decided to launch monitoring the presence of smuggled goods in main shopping markets across the country from this month. It was also decided to launch the monitoring by joint teams of Inland Revenue and Pakistan Customs.
The Overseas Investors Chamber of Commerce and Industry (OICCI) recently in a letter to the FBR chairman the chairman highlighted the magnitude of smuggled/illegal goods.
“There is not a single study to identify the complete magnitude of illegal trade in Pakistan but it is estimated that approximately 60 percent of the total demand for products of over half a dozen sectors of the formal economy, including petroleum, tea, mobile phones and auto parts industry, is met only through smuggling.”
It said that bulk quantity of illegal/smuggled goods is available and these goods were mainly affecting sectors including petroleum, tea, mobile phones and auto parts industry.
Highlighting the impact of illegal trade, the OICCI said: “virtually all major organized crime groups are not involved in the trade, resulting from huge profits but little risk, and whilst utilizing the services of children and slave labor.”
These groups do not pay taxes, nor do they pay fair wages, and there is zero traceability of funds generated from the trade and their eventual disposition, the OICCI said, added: “More often than not, these funds may be redirected to terrorism, and money laundering.”